On June 1, Mingming Henmang rose 5.84% in regular trading, trading at 347.4 HKD/share, with trading volume of 22.77 million HKD. The stock rebounded sharply from recent lows near its post-listing nadir.

On the news front, the company recently announced that its board of directors has been granted shareholder authorization to repurchase up to 10% of issued H shares, approximately 21.59 million shares out of a total 215.92 million H shares listed on the Hong Kong Stock Exchange. The board stated the buyback would not materially affect normal operations or financial conditions.

Meanwhile, the competitive landscape in the snack retail sector showed positive developments. Mingming Henmang and rival Wanchen Group have fully ceased their public disputes, maintaining rational restraint with only minimal conditional store-opening subsidies that have limited impact on profitability. Notably, Wanchen Group announced the suspension of a 126-million-yuan direct operation project, easing industry concerns over disorderly expansion. These catalysts collectively triggered an oversold rebound following consecutive sessions of weakness.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)